ronnie s Posted June 25, 2015 Report Share Posted June 25, 2015 THE TREASURY VAULT IS SELLING 1000000 DINARS FOR 995.00 AN PAYING 695.00 ON THE BUYBACK. USURY ??? Link to comment Share on other sites More sharing options...
ronnie s Posted June 25, 2015 Author Report Share Posted June 25, 2015 THE TREASURY VAULT IS SELLING 1000000 DINARS FOR 995.00 AN PAYING 695.00 ON THE BUYBACK. USURY ??? 1 Link to comment Share on other sites More sharing options...
Zebra0101 Posted June 25, 2015 Report Share Posted June 25, 2015 Thievery.... Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted June 25, 2015 Report Share Posted June 25, 2015 (edited) ***/// Capitalism. Whatever the market will bear. So don't pay it already.... . Edited June 25, 2015 by SgtFuryUSCZ 1 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted June 25, 2015 Report Share Posted June 25, 2015 ***/// Capitalism. Whatever the market will bear. So don't pay it already... 1 Link to comment Share on other sites More sharing options...
Jaygo Posted June 25, 2015 Report Share Posted June 25, 2015 THE TREASURY VAULT IS SELLING 1000000 DINARS FOR 995.00 AN PAYING 695.00 ON THE BUYBACK. USURY ??? This is business as usual Ronnie s. Don't be so surprised 1 1 Link to comment Share on other sites More sharing options...
DinarThug Posted June 25, 2015 Report Share Posted June 25, 2015 All Of The Dealer Buy Back Rates Have Noticeably Been Declining Recently ! A Good Friend Of Mine Who Has Been Following This Very Closely Noticed That XChange Of America Was Paying $850 Per Million Uncirculated Just A Few Weeks Ago ! Within The Last Couple Of Weeks They Lowered It To $750 ! Now This Week Xchange Of America Just Lowered Their Buy Back Rate Yet Again Down To $650 ! Also This Week - Both Treasury Vault And XChange Have Removed The Banners They Had Up Stating That They Would Honor All GID And Sterling Exchanges ! The Drop In Buy Back Prices Is Probably Due To A Combination Of Factors ... * The Dramatically Lower Street Rate Of The Dinar Because Of The GOI Meddling And Placing A Limit On The CBI's Daily Auctions (Article 50 Of The Budget) Which Is An Overreach By Parliament On The CBI's Independence ! The CBI Has Been Making Some Recent Gradual Adjustments To Improve The The Street Rate - But The Fixed Rate Has Remained Unchanged At 1166 ! * Another Contributing Factor Putting Pressure On The Dinar - As Well As All Other World Currencies Has Been A Strong US Dollar ! * But Probably The Biggest Contributing Factor For The Lowering Of Buy Backs Would Be The Domestic Market (North America) And The Supply And Demand That The Dealers Are Contending With ! They Probably Have More Than Enough Supply And Don't Need Or Want To Buy Back Anymore Dinar If Fewer People Are Buying And More Folks Are Selling ! - CNN 5 Link to comment Share on other sites More sharing options...
pocono Posted June 25, 2015 Report Share Posted June 25, 2015 I would think that the sudden lack of competition might have something to do with it. 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted June 25, 2015 Report Share Posted June 25, 2015 yup lack of competition and the bad news from iraq....combine that with less pumpers pumping Link to comment Share on other sites More sharing options...
TennesseeCherokee Posted June 26, 2015 Report Share Posted June 26, 2015 One less major competitor, plus since the Atlanta thing, some are getting out and/or reducing their dinar holdings causing a glut. Link to comment Share on other sites More sharing options...
rulesforrebels Posted June 26, 2015 Report Share Posted June 26, 2015 (edited) A few months back when there were Dinar shortages most dealers were paying upwards of $1,000 per milllion. Now after the Sterling news probably less people buying and more people selling. It's simple supply and demand. If your not happy with that price don't buy or sell to them. Even a company like Travelex sells Euros at $1.56 and buys them back at $1.11 and that's a common largely traded currency. Something not even on forex there's not as much a market for so you'd expect to pay larger spreads. I think currency dealers get a bad rap. Checkout travelex yelp reviews and everyone calls them a ripoff. Only difference is their margins are publicly posted. I don't see anyone on here crying about the pair of shoes they paid $100 for that only cost $0.50 cents to make. If you wanna talk robbery look at their prices if you want to buy by credit card. Something like a $200 premium on a million last I checked. That said I guess if you want the convenience of paying by card you have to decide if its worth $200 bucks. Edited June 26, 2015 by rulesforrebels Link to comment Share on other sites More sharing options...
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